Search Results for: first home buyers
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NEWS
First-home buyers come out on top in June, according to new ABS data
First-home buyers are currently dominating owner-occupier housing loans, with the number rising again in June 2018 to the highest rate since October 2012. The ABS housing finance figures for June 2018 show that FHBs now account for 18.1 per cent of owner-occupier home loans. The number of FHB owner-occupier loans has now increased by 11.4 per cent over the last…
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INDUSTRY NEWS
Home buyers to be better protected by Australian-first defect bond scheme
Home buyers will be better protected thanks to an Australian first defect bond scheme, Minister for Better Regulation Matt Kean said. The Strata Building Bond and Inspections Scheme (the Scheme), the first of its kind in Australia, provides a structured process to rectify defects early in the building lifecycle. Mr Kean said the new Scheme follows extensive industry consultation, and…
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NEWS
Housing loan affordability improves, first homebuyers flood market: REIA
The September quarter edition of the Adelaide Bank/REIA Housing Affordability Report shows that the proportion of median family income required to meet average loan repayments decreased by 1.2 percentage points to 30.3 per cent. REIA President Malcolm Gunning said first home buyers now make up 24.5 per cent of the total owner-occupied housing market (excluding refinancing). “This is the highest…
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OPINION
First Homebuyers Making the Right Moves: Michael Davoren
The REIA recently reported that first home buyers, as a proportion of total owner-occupiers, are at the highest level since July 2013 and the number of first home buyer home finance commitments is the highest since December 2009. New stamp duty exemptions and concessions in NSW and Victoria began on the 1st of July this year, which were designed to…
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INDUSTRY NEWS
Melbourne house price growth moderates as policies show positive impact for first homebuyers
New REIV data shows the metropolitan Melbourne house price recorded its lowest increase in almost two years, up just 0.7 per in the September quarter to $817,000. REIV Acting President Richard Simpson said the moderation was attributable to 44 per cent of all sales in the September quarter being below $600,000. “In the June quarter we saw vendors with houses…
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THE ELEVATE PODCAST
Episode 8: Free Fridges, AirBnB for first homebuyers, Beating the Interceptors, Marketing Tips and more
Weekly wrap: Samantha McLean and Mark Edwards recap the week that was. ‘Elevate’ is the new official podcast of Elite Agent Magazine for real estate industry sales professionals, property managers, and leaders. Each episode, we will bring you behind the scenes coaching, news analysis, exclusive interviews, technology, and more to help you list more, sell more, and elevate your results.…
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INDUSTRY NEWS
First Home Owner Grant discriminates against buyers wanting to enter the established market
REIWA President Hayden Groves said first home buyers who wanted to buy an established home were being discriminated against and as a result were finding it increasingly difficult to enter the WA property market. “Housing affordability remains a significant issue for many West Australians. We should be making it easier for all first home buyers to enter the market, not…
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NEWS
Affordability increases, first homebuyers out in the cold: REIA
Housing affordability improved across all states and territories in the first quarter of 2017, however, the number of both first home buyers and loans decreased, according to the Real Estate Institute of Australia (REIA). The latest Adelaide Bank/REIA Housing Affordability Report found the proportion of median family income required to meet average loan repayments decreased by 1.3 percentage points to…
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Elite Agent
Don’t push first homebuyers to the wrong places: Haesley Cush
With the Federal Budget handed down last week, Brisbane Agent and Auctioneer Haesley Cush reflects on the state of the market for first home-buyers I had dinner with an agent this week. She is a young lady in her 20s and she is selling units in the Eastern Suburbs of Sydney. We were discussing the cost of 1 bedrooms apartments…
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NEWS
Women’s home buying resilience outshines singles market dip
The number of single people purchasing homes is falling, but becoming more evenly matched by gender.
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NEWS
First National celebrates its best performers
First National Real Estate has highlighted its best performers across the country in its state-based General Excellence and Marketing Awards, with one incredible agent scoring the Number 1 Salesperson of the Year for the seventh time.
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INDUSTRY NEWS
Calls to extend first home owner grant to established homes in WA
The Western Australian government needs to extend the First Home Owner Grant (FHOG) to established homes to help ease pressure on the construction industry and get more young people into their own property.
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NEWS
Buyers given chance to assess a home’s climate risk on property portal
A major US property portal has given buyers the ability to assess prospective property purchases according to how at risk they are for fire, flood and from extreme heat, air quality and wind.
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INDUSTRY NEWS
Perth buyers forced to turn to units as market remains tight
Tight stock and strong competition are forcing Perth buyers to turn to units according to The Real Estate Institute of Western Australia (REIWA).
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Celebrity Homes
Freddie Mercury’s former London home hits the market
The former home of the legendary Freddie Mercury, Garden Lodge, has been placed on the market.
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NEWS
Buying Boost turns homeowners dreams into reality
Would-be homeowners currently locked out of the real estate market, due to not being able to save all of the deposit, now have a way of buying a home.
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INDUSTRY NEWS
The value of property purchases falls as buyers tighten their beltsÂ
Rising interest rates led Australian borrowers to tighten their purse strings last year, with the total value of property purchases down 12.7 per cent according to new research
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NEWS
Home sweet heart: buyers find love after moving
More than 40 per cent of recent home buyers haven’t just purchased bricks and mortar, but found love after buying their new abode.
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INDUSTRY NEWS
First National Bowral bounces back after losing everything in a fire
When a fire in Bowral took out 13 businesses including the First National Real Estate offices, principal Allan Falvey knew he was going to have to dig deep to find a way to rebuild his business.
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NEWS
Property portal Homely celebrates its 10th birthday
A decade after a poor home buying experience left Jason Spencer lamenting the fact he couldn’t read street and suburb reviews during the process, the solution he and his brother Adam created will celebrate a major milestone.
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INDUSTRY NEWS
Help to Buy scheme set to get more people into a home
Thousands of Australians looking to buy a home and struggling with affordability will soon get more government help, with the introduction of the Help to Buy scheme.
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National
National Home Value Index hits a new high
Australia’s property market has experienced a V-shaped recovery, with the national Home Value Index hitting a new record.
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INDUSTRY NEWS
Is Queensland’s First Home Owner Grant all it’s cracked up to be?
The Queensland Government has doubled the state’s First Home Owner Grant but a property expert warns the offer may not be as good as it first appears.
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Elite Agent
Maximising the allure: How to prepare homes for a new year sale
As you approach the end of the year, it’s time to put in some prep and get 2024 vendors ready for the opportunities that a new year brings.
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INDUSTRY NEWS
First home buyer demand across New Zealand hits a record high
Despite reduced housing affordability and higher living costs, first home buyers (FHBs) in New Zealand are buying homes are a record rate.
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INDUSTRY NEWS
New Zealand property prices rise for the first time in 18 months
The first signs of a recovery in New Zealand property prices have begun with values increasing 0.4 per cent last month and 0.1 per cent for the quarter according to CoreLogic NZ.
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NEWS
Chaotic auction sets a new record with 161 registered bidders for damaged home
When Cory Boyd and Keron Petzer listed the dilapidated home at 19 Billabong Drive, Crestmead, they had no idea of the chaos that would ensue on auction day.
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INDUSTRY NEWS
Buyers seek transparency: 72 per cent skip properties without prices listed
Property listings without prices are buyers' biggest pain point when searching for a new home on realestate.com.au, according to new research from REA Group.
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WEIRD AND WONDERFUL
Home design trends to watch in 2024
Brutalist design elements, Murano glass chandeliers and cold plunge pools are set to transform homes and dominate social media feeds in 2024.
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INDUSTRY NEWS
Demand for the Home Guarantee Scheme surges
The number of Australian first-home buyers taking up the Home Guarantee Scheme has surged, as younger Australians battle to get into the housing market.
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INDUSTRY NEWS
New zero per cent deposit home loan option for homebuyers
A new home loan product that allows homebuyers to purchase a property with a zero per cent deposit has launched across Australia, aiming to reduce the barriers to entry for homeownership.
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INDUSTRY NEWS
Lower prices for unrenovated homes starting to entice buyers
Rising construction costs, led by shortages of trades, are making buyers wary of unrenovated homes, however, lower prices are starting to make them more appealing according to the latest Herron Todd White (HTW) Month in Review.
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INDUSTRY NEWS
Home run for owner-occupiers as investors sit on sidelines
Current buyers looking for new homes are likely to be owner-occupiers, not investors, who want a standalone property rather than an apartment.
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